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"With the Dollar backed stablecoins, you'll help expand the dominance of the US Dollar [...] It will be at the top, and that's where we want to keep it"

What he means is:

with Dollar backed stablecoins, the Global South will pivot towards digital Dollars over local currencies, allowing private, US Gov controlled entities to replace bank accounts around the globe.

This does not just allow for the expansion of USD dominance by bypassing local governments – it gives the US unprecedented and direct control over worldwide economies as every stablecoin can be effectively frozen on behalf of the US with the click of a button.

Additionally, it will provide the US with never seen before surveillance capabilities, providing real time access to financial transactions around the globe – fueling the unparalleled public-private partnership between Silicon Valley and the US war machine.

If you are promoting stablecoins, you are promoting the end of national sovereignty in favor of total techno-fascist dystopia.

MrTea 9mo ago 💬 1

Or you’re promoting a better currency than the shitty local currencies they have now that only enriches the global South countries’ politically connected. Dollar backed stable coins aren’t perfect. But let’s not pretend they aren’t 100x better than the bullshit being promoted as existing local currencies. If you can’t admit that then you’re promoting perpetual impoverishment and enslavement of 3/4 of the world’s population.

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Discussion

statusquont 9mo ago 💬 1

Have you heard of bitcoin? Check it out.

MrTea 9mo ago

They have too and a lot of these people in the global south still want stablecoins. I think they are capable of determining what products they want to use